NGOs and banks dispute the oil in the Amazon


Veja, José Casado in 14/07/2021
Amazon
Environment
International
National

Brazilian, American and European banking institutions are asking for help from non-governmental organizations to shape their environmental, social and governance policies. Last year, the NGOs Stand.Earth and Amazon Watch started reviewing these standards.

They found that many banks have increased credit and participation in deals with 90 oil, gas and trading companies in the Amazon, while adopting policies designed to assess these environmental and social risks in their financial and investment decisions.


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